Can I retire at age 72 with 1,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$105,701$104,760$103,841$102,944$102,069$98,604
2 years$52,327$51,353$50,408$49,493$48,604$45,149
3 years$34,538$33,560$32,618$31,710$30,837$27,498
4 years$25,646$24,670$23,737$22,846$21,993$18,797
5 years$20,311$19,341$18,421$17,548$16,719$13,674
6 years$16,756$15,794$14,887$14,033$13,229$10,338
7 years$14,218$13,264$12,371$11,537$10,759$8,021
8 years$12,315$11,369$10,492$9,678$8,925$6,339
9 years$10,836$9,899$9,036$8,244$7,516$5,078
10 years$9,653$8,726$7,878$7,106$6,404$4,110
11 years$8,686$7,768$6,936$6,185$5,508$3,354
12 years$7,881$6,972$6,155$5,425$4,773$2,753
13 years$7,200$6,301$5,499$4,789$4,162$2,272
14 years$6,617$5,727$4,941$4,251$3,649$1,882
15 years$6,112$5,232$4,461$3,791$3,212$1,564
16 years$5,671$4,800$4,045$3,395$2,839$1,304
17 years$5,282$4,421$3,681$3,050$2,517$1,089
18 years$4,936$4,085$3,360$2,749$2,238$911
19 years$4,628$3,786$3,076$2,484$1,995$764
20 years$4,350$3,518$2,823$2,250$1,782$641
21 years$4,100$3,277$2,596$2,042$1,595$538
22 years$3,872$3,059$2,393$1,856$1,429$453
23 years$3,664$2,861$2,210$1,691$1,283$381
24 years$3,475$2,680$2,043$1,542$1,153$321
25 years$3,300$2,515$1,893$1,408$1,038$270
26 years$3,139$2,364$1,755$1,288$935$228
27 years$2,991$2,225$1,630$1,179$843$192
28 years$2,853$2,097$1,515$1,080$761$162
29 years$2,725$1,978$1,410$990$687$136
30 years$2,606$1,868$1,313$909$621$115
31 years$2,494$1,766$1,225$835$561$97
32 years$2,390$1,671$1,142$767$507$82
33 years$2,292$1,582$1,067$705$459$69
34 years$2,201$1,500$997$649$416$58
35 years$2,114$1,422$932$597$377$49
36 years$2,033$1,350$872$550$341$42
37 years$1,956$1,282$816$507$309$35
38 years$1,884$1,219$764$467$280$30
39 years$1,815$1,159$716$431$254$25
40 years$1,750$1,102$671$397$231$21
41 years$1,688$1,049$629$367$209$18
42 years$1,630$999$590$338$190$15
43 years$1,574$952$554$312$172$13
44 years$1,521$908$520$288$156$11
45 years$1,470$866$488$266$142$9
46 years$1,422$826$458$246$129$8
47 years$1,376$788$431$227$117$6
48 years$1,332$752$405$210$106$5
49 years$1,290$718$380$194$97$5
50 years$1,250$686$358$179$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,280,000, adding $6,833 every year, while hoping to spend $47,204 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/34/11 Blend
71$1,280,000$1,280,000$1,280,000$1,280,000
72$1,417,608$1,349,768$1,329,928$1,491,275
73$1,511,980$1,365,682$1,324,256$1,557,883
74$1,614,395$1,380,794$1,316,812$1,624,621
75$1,725,624$1,395,014$1,307,486$1,696,173
76$1,846,516$1,408,248$1,296,165$1,773,007
77$1,978,002$1,420,394$1,282,728$1,855,638
78$2,121,109$1,431,343$1,267,050$1,944,635
79$2,276,965$1,440,982$1,249,000$2,040,627
80$2,446,813$1,449,188$1,228,439$2,144,306
81$2,632,020$1,455,830$1,205,223$2,256,440
82$2,834,091$1,460,770$1,179,203$2,377,874
83$3,054,681$1,463,861$1,150,219$2,509,541
84$3,295,613$1,464,945$1,118,106$2,652,471
85$3,558,896$1,463,858$1,082,693$2,807,803
86$3,846,738$1,460,421$1,043,798$2,976,792
87$4,161,573$1,454,449$1,001,232$3,160,825
88$4,506,078$1,445,742$954,798$3,361,432
89$4,883,203$1,434,089$904,290$3,580,302
90$5,296,197$1,419,266$849,490$3,819,299
91$5,748,635$1,401,036$790,175$4,080,482
92$6,244,458$1,379,149$726,107$4,366,122
93$6,788,002$1,353,337$657,041$4,678,724
94$7,384,046$1,323,318$582,720$5,021,056
95$8,037,852$1,288,794$502,875$5,396,169
96$8,755,216$1,249,448$417,224$5,807,432
97$9,542,523$1,204,946$325,476$6,258,563
98$10,406,805$1,154,933$227,324$6,753,663
99$11,355,808$1,099,034$122,448$7,297,257
100$12,398,066$1,036,852$10,516$7,894,337